The two senators call on the Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau to remove Sloan from the bank's top job
Judge puts off approving a settlement related to bank's fake accounts, and Fed chairman Powell says Fed not ready to lift growth ban.
Speculation is mounting that the bank is dumping some lines of business to focus on just a few areas, including financial advice.
He received $2.4 million in salary and $14 million of restricted stock linked to performance goals.
Republicans and Democrats grill Tim Sloan for more than four hours.
Sloan tells the House Financial Services Committee that Wells is working to address regulators' concerns.
House Financial Services committee will grill the CEO Tuesday about the progress he's made in resolving the bank's scandals.
Under the changes, retiring reps get a 25% bonus and younger advisers get help acquiring the business of those leaving the firm.
The firm is luring clients by reducing interest rates on mortgages by as much as half a percent.
Bank names 96 managing directors in Americas, including 60 financial advisers, as it targets more billionaire clients.
Bank ups its estimate of how much it might have to spend to resolve investigations and claims related to its scandals.
The bank's wealth management unit will use the name Merrill going forward.
Poaching a replacement from one of the bank's few peers would probably be costly.
Merrill embraces it, while Wells Fargo has moved away from the practice.
Brokers are rejecting a culture driven by leaders who lack ethics and who have never been advisers.
Bank was found guilty of helping French clients hide assets from tax authorities.
Fee-based advice is not perfect, but most clients prefer it over a commission-based option
New business is 'harder and harder' to bring in the door, says a senior executive.
The overconcentration of securities was not suitable for some clients, Virginia alleged.
The Wells Fargo Advisors website appears online, but customers report being unable to access funds.
